Borrowing in Arran-Elderslie, Ontario

A loan taken out in Arran-Elderslie is governed by Ontario's licensing rules, and the 2021 Census counted 6,913 people in the community.

The census figures for Arran-Elderslie

Arran-Elderslie recorded a population of 6,913 in Statistics Canada's 2021 Census of Population. 458.8 square kilometres of land are attributed to Arran-Elderslie.

The calculated density is 15.1 people per square kilometre.

Among covered Ontario places, Arran-Elderslie sits at rank 205 by population.

Arran-Elderslie therefore appears at rank 205 of 527 covered Ontario places, with a density of 15.1 people per square kilometre.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

In Ontario, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

For Arran-Elderslie, the two census fields above are the only local statistics used anywhere on the page.

Nothing on the Arran-Elderslie page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Arran-Elderslie is one of 527 covered Ontario places, counted at 6,913 residents with a land area of 458.8 square kilometres.

Where a figure for Arran-Elderslie could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Arran-Elderslie is 458.8 square kilometres, and the population is 6,913 residents in the 2021 Census.

Arran-Elderslie ranks 205 by 2021 Census population among the covered places in Ontario.

Arran-Elderslie sits at rank 205 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Arran-Elderslie appears in the census record with 6,913 residents, and the density of 15.1 people per square kilometre follows from it.

Readers comparing Arran-Elderslie with another community can use the same four census fields.

The Arran-Elderslie page follows the same structure as every other place page, with population, land area, density and rank.

At 6,913 residents in the 2021 Census, Arran-Elderslie is listed alongside the other covered places in Ontario.

The density figure for Arran-Elderslie, 15.1 people per square kilometre, is calculated from the population and land area above.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.